Every month, the editors of The Atlantic’s Business Channel put together a collection of the most interesting pieces of journalism about money and economics from around the web.

This month’s picks include a look at how tax policy helps produce inequality, a story about the struggle to keep family farms running, an investigation into the economic toll of service disruptions on public transit, and a conversation with a man who became a billionaire making cheese for pizza chains.

If you’ve missed previous roundups, you can find recent ones here and here.

Almost a decade removed from the foreclosure crisis that began in 2008, the nation is facing one of the worst affordable-housing shortages in generations. The standard of “affordable” housing is that which costs roughly 30 percent or less of a family’s income. Because of rising housing costs and stagnant wages, slightly more than half of all poor renting families in the country spend more than 50 percent of their income on housing costs, and at least one in four spends more than 70 percent. Yet America’s national housing policy gives affluent homeowners large benefits; middle-class homeowners, smaller benefits; and most renters, who are disproportionately poor, nothing. It is difficult to think of another social policy that more successfully multiplies America’s inequality in such a sweeping fashion.

“The model-minority myth chooses to highlight the successful immigrant examples and brush aside the high rates of poverty,” Yoo [Jo-Ann Yoo, the director of the Asian American Federation] explained. “The myth assumes that we somehow have the capacity to work ourselves out of poverty without any help.”

More than one-quarter of Asian-Americans live in poverty in New York City. An estimated 26.6 percent live below the city’s poverty threshold in 2014—an increase from the year before, the NYC Center for Economic Opportunity reported.

The circumstances of poor Asian-Americans are diverse. Asian-American seniors are the most financially vulnerable of the group, with almost 1 in 4 living in poverty, a report from the Asian American Federation noted. Those from refugee communities, including Cambodians and Vietnamese, also experience higher rates of poverty. Recent immigrants, including Bangladeshi-Americans, have high poverty rates as well, Yoo said. And many of those in need are not proficient in English.

“I never ever wanted to be anywhere but here,” she says. “Ever ... I’ve seen places that I’ve thought, ‘Wouldn’t it be interesting to live here? Wouldn’t it be nice to live here?’ But I’ve never wanted to live anywhere else, ever.”

Mary began helping farm at an early age, cutting tobacco with her grandfather, Big John. But in her time working the land, as tobacco farming toppled, she witnessed a drastic change in the farming culture that once defined her community.

In its brief history, Uber has morphed from a simple service that allowed users to press a button to summon a car into what is on paper the most valuable start-up of all time. It also spawned an entire category of start-up pitch—Uber, but for doctors, for cookies, for private jets—bent on solving First World problems via app. Uber has created vast theoretical fortunes and helped remake the American economy. Its most recent valuation, of $68 billion in 2015, was the highest ever given to a private company. Silicon Valley’s obsession with “unicorns”—companies valued north of a billion dollars—was very 2012. We had entered the era of the “decacorn.”

Uber itself, however, has lately become a monument not only to the power of technology and confidence in the face of adversarial forces but possibly to the dangers of hubris: When you’re worth that much money on imaginary paper, and buoyed by the belief that you’re on a mission to change the world, it can be easy to sweep aside concerns like “rampant sexual harassment” and “public relations” and “profits.”

In all, Leprino Foods sells more than a billion pounds of cheese a year, to the tune of $3 billion in revenue.

The little-known Leprino (he declined to be photographed for this article) rates as one of America’s all-time monopolists. He lets others worry about fresh mozzarella balls and pizzas that taste like they were made in the old country. His laser focus on large pizza chains has allowed him to control as much as 85% of the market for pizza cheese and somehow sell simultaneously to a set of customers—Pizza Hut, Domino’s, Papa John's and Little Caesars—that try to cut each others’ throat in every way that doesn’t involve where they buy their milk products. Dominating the market has its advantages: He’s able to invest in technology that no run-of-the-mill dairy farmer ever could, resulting in more than 50 patents—and an estimated 7% net margin, which dwarfs the dairy-industry average.

TaskRabbit, which was founded in 2008, is one of several companies that, in the past few years, have collectively helped create a novel form of business. The model goes by many names—the sharing economy; the gig economy; the on-demand, peer, or platform economy—but the companies share certain premises. They typically have ratings-based marketplaces and in-app payment systems. They give workers the chance to earn money on their own schedules, rather than through professional accession. And they find toeholds in sclerotic industries. Beyond TaskRabbit, service platforms include Thumbtack, for professional projects; Postmates, for delivery; Handy, for housework; Dogvacay, for pets; and countless others. Home-sharing services, such as Airbnb and its upmarket cousin onefinestay, supplant hotels and agencies. Ride-hailing apps—Uber, Lyft, Juno—replace taxis. Some on-demand workers are part-timers seeking survival work, akin to the comedian who waits tables on the side. For growing numbers, though, gigging is not only a living but a life. Many observers see it as something more: the future of American work.

In his forthcoming book, Dream Hoarders, Reeves argues that the top 20 percent of Americans—those with six-figure incomes and above—dominate the best schools, live in the best-located homes and pass on the best futures to their kids.

“They are members of the American upper-middle class, who, through various ways of rigging the market ... are essentially hoarding the American dream,” he tells NPR's Steve Inskeep.

One woman never made it to housing court and now faces eviction. Another missed a doctor appointment made months earlier. A graphic designer lost $100 in wages. A computer technician paid more than $50 for an Uber car to make a meeting. A lawyer was late for a sentencing. A pastry chef who needs every hour of work he can scrounge lost an hour and a half of pay. A psychoanalyst never made it to her session with a patient. Neither did her patient.

These are the very real human costs, financial and otherwise, of a single subway disruption—just one painful delay in what has become a season of transit misery.

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In the landscape where Mad Max: Fury Road was filmed, a scientist is trying to understand a natural phenomenon that has eluded explanation for decades.

One evening earlier this spring, German naturalist Norbert Jürgens strayed from his expedition in the Namib Desert. He walked away from his campsite beside Leopard Rock, a huge pile of schist slabs stacked like left-over roofing tiles, and into a vast plain ringed with red-burnished hills. He had 20 minutes of light left before sunset, and he intended to use them.

This next part may sound like a reenactment from a nature documentary, but trust me: This is how it went down.

Off by himself, Jürgens dropped down to his knees. He sank his well-tanned arms in the sand up to the elbows. As he rooted around, he told me later, he had a revelation.

At the time, I was watching from the top of Leopard Rock, which offered a bird’s-eye view of both Jürgens and his expedition’s quarry. Across the plain, seemingly stamped into its dry, stubbly grass, were circles of bare ground, each about the size of an aboveground pool. Jürgens, a professor at the University of Hamburg, was digging—and pondering—in one of these bare patches.

The class divide is already toxic, and is fast becoming unbridgeable. You’re probably part of the problem.

1. The Aristocracy Is Dead …

For about a week every year in my childhood, I was a member of one of America’s fading aristocracies. Sometimes around Christmas, more often on the Fourth of July, my family would take up residence at one of my grandparents’ country clubs in Chicago, Palm Beach, or Asheville, North Carolina. The breakfast buffets were magnificent, and Grandfather was a jovial host, always ready with a familiar story, rarely missing an opportunity for gentle instruction on proper club etiquette. At the age of 11 or 12, I gathered from him, between his puffs of cigar smoke, that we owed our weeks of plenty to Great-Grandfather, Colonel Robert W. Stewart, a Rough Rider with Teddy Roosevelt who made his fortune as the chairman of Standard Oil of Indiana in the 1920s. I was also given to understand that, for reasons traceable to some ancient and incomprehensible dispute, the Rockefellers were the mortal enemies of our clan.

The 9-year-old has built a huge following with profane Instagram posts, but the bravado of “the youngest flexer of the century” masks a sadder tale about fame and exploitation.

In mid-February, a mysterious 9-year-old by the name of Lil Tay began blowing up on Instagram.

“This is a message to all y’all broke-ass haters, y’all ain't doing it like Lil Tay,” she shouts as she hops into a red Mercedes, hands full of wads of cash. “This is why all y’all fucking haters hate me, bitch. This shit cost me $200,000. I’m only 9 years old. I don’t got no license, but I still drive this sports car, bitch. Your favorite rapper ain’t even doing it like Lil Tay.”

Referring to herself as “the youngest flexer of the century,” Lil Tay quickly garnered a fan base of millions, including big name YouTubers who saw an opportunity to capitalize on her wild persona. In late January, RiceGum, an extremely influential YouTube personality dedicated an entire roast video to Lil Tay.

The text reflected not only the president’s signature syntax, but also the clash between his desire for credit and his intuition to walk away.

Donald Trump’s approach to North Korea has always been an intensely personal one—the president contended that his sheer force of will and negotiating prowess would win the day, and rather than use intermediaries, he planned for a face-to-face meeting, with himself and Kim Jong Un on either side of a table.

So Trump’s notice on Thursday that he was canceling the June 12 summit in Singapore was fitting. It arrived in the form of a letter that appears to have been written by the president himself. The missive features a Trumpian mix of non sequiturs, braggadocio, insults, flattery, and half-truths. Whether the dramatic letter marks the end of the current process or is simply a negotiating feint, it matches the soap-operatic series of events that preceded it. Either way, it displays the ongoing conflict between Trump’s desire for pageantry and credit and his longstanding dictum that one must be willing to walk away from the negotiating table.

The Americans and the North Koreans were all set for a historic meeting. Then they started talking about Libya.

Of all the countries that might have acted as a spoiler for the summit in Singapore between Donald Trump and Kim Jong Un—China, Russia, Japan, the United States and North Korea themselves—the one that doomed it was unexpected. It isn’t even involved in North Korea diplomacy and is locateda long 6,000 miles away from the Korean Peninsula. It’s Libya.

Yet Libya ought to have been top of mind. It’s notoriously difficult to determine what motivates the strategic choices and polices of North Korea’s leaders, but among the factors that has been evident for some time is Kim Jong Un’s fear of ending up like Muammar al-Qaddafi. The Libyan strongman was pulled from a drainage pipe and shot to death by his own people following a U.S.-led military intervention during the Arab Spring in 2011. The North Korean government views its development of nuclear weapons—a pursuit Qaddafi abandoned in the early 2000s, when his nuclear program was far less advanced than North Korea’s, in exchange for the easing of sanctions and other promised benefits—as its most reliable shield against a hostile United States that could very easily inflict a similar fate on Kim. We know this because the North Korean government has repeatedly said as much. “The Saddam Hussein regime in Iraq and the Gaddafi regime in Libya could not escape the fate of destruction after being deprived of their foundations for nuclear development and giving up nuclear programs of their own accord,” the state-run Korean Central News Agency observed in 2016.

A short—and by no means exhaustive—list of the open questions swirling around the president, his campaign, his company, and his family.

President Trump speculated on Tuesday that “if” the FBI placed a spy inside his campaign, that would be one of the greatest scandals in U.S. history. On Wednesday morning on Twitter, the “if” dropped away—and Trump asserted yesterday’s wild surmise as today’s fact. By afternoon, a vast claque of pro-Trump talkers repeated the president’s fantasies and falsehoods in their continuing project to represent Donald Trump as an innocent victim of a malicious conspiracy by the CIA, FBI, and Department of Justice.

The president’s claims are false, but they are not fantasies. They are strategies to fortify the minds of the president’s supporters against the ever-mounting evidence against the president. As Laurence Tribe and Joshua Matz show in their new book about impeachment, an agitated and committed minority can suffice to protect a president from facing justice for even the most strongly proven criminality.

In excusing his Arrested Development castmate’s verbal abuse of Jessica Walter, the actor showed how Hollywood has justified bad behavior for generations.

“What we do for a living is not normal,” Jason Bateman said in Wednesday’s New York Times interviewwith the cast of Arrested Development, in an effort to address his co-star Jeffrey Tambor’s admitted verbal abuse of Jessica Walter. “Therefore the process is not normal sometimes, and to expect it to be normal is to not understand what happens on set. Again, not to excuse it.” As Hollywood continues to grapple with widespread revelations of hostile work environments, institutional sexism, and sexual misconduct on and off set, Bateman insisted that he wasn’t trying to explain away an actor’s bad behavior—while displaying, over and over, exactly how his industry does it.

Bateman’s glaring mistake in the interview—for which he has already apologized—is how he rushed to defend Tambor from Walter’s account of Tambor screaming at her on the set of Arrested Development years ago. In doing so, Bateman defaulted to every entrenched cultural script of minimizing fault, downplaying misbehavior, and largely attributing Tambor’s verbal harassment to the unique, circumstantial pressures of acting—a process, he suggested, most onlookers could not hope to understand.

As recently as the 1950s, possessing only middling intelligence was not likely to severely limit your life’s trajectory. IQ wasn’t a big factor in whom you married, where you lived, or what others thought of you. The qualifications for a good job, whether on an assembly line or behind a desk, mostly revolved around integrity, work ethic, and a knack for getting along—bosses didn’t routinely expect college degrees, much less ask to see SAT scores. As one account of the era put it, hiring decisions were “based on a candidate having a critical skill or two and on soft factors such as eagerness, appearance, family background, and physical characteristics.”

The 2010s, in contrast, are a terrible time to not be brainy. Those who consider themselves bright openly mock others for being less so. Even in this age of rampant concern over microaggressions and victimization, we maintain open season on the nonsmart. People who’d swerve off a cliff rather than use a pejorative for race, religion, physical appearance, or disability are all too happy to drop the s‑bomb: Indeed, degrading others for being “stupid” has become nearly automatic in all forms of disagreement.

The bombastic legal adviser to Stormy Daniels is taking cues from the era of O.J. Simpson and Monica Lewinsky.

On cable news these days, there are very few people who have approached President Trump’s ubiquity. In fact, there is only one, and his name is Michael Avenatti. (Stormy who?)

Avenatti is not the first attorney to understand how the publicity game is played. Litigators are often like this: brash, aggressive, and sophisticated media manipulators. But Avenatti is the first celebrity lawyer of the Trump age, and it’s for that reason that he has become ultra-famous: Everything to do with Trump becomes, for good or ill, a star. And so it is with Avenatti, who in the public imagination has become not just “Stormy Daniels’s lawyer Michael Avenatti,” but simply “Michael Avenatti,” and appears to live inside your TV set.

The billionaire’s Twitter tirade was so ill-informed it led to a subtweet from his former head of communications.

Elon Musk’s screed against the media began with a story about Tesla.

“The holier-than-thou hypocrisy of big media companies who lay claim to the truth, but publish only enough to sugarcoat the lie, is why the public no longer respects them,” the entrepreneur tweeted Wednesday, with a link to a post on the website Electrek. The author of that post criticized news coverage of recent Tesla crashes and delays in the production of the Model 3, calling it “obsessive” and saying there’s been a “general increase of misleading clickbait.”

Musk followed that tweet with an hours-long tirade in which he suggested that journalists write negative stories about Tesla to get “max clicks” and “earn advertising dollars or get fired,” blamed the press for the election of President Donald Trump, and polled users on whether he should create a website that rates “the core truth” of articles and tracks “the credibility score” of journalists, which he would consider naming Pravda, like the Soviet state-run, propaganda-ridden news agency.